Month: November 2023

November 26th 2023 |

Key Takeaways

• Tactically, further confirmation for our year-end rally scenario
• Strategically, the risk-/reward ratio also looks now increasingly attractive
• New allocations in our Model Portfolios

Market Review |

U.S. stocks finished the week with solid gains. Closing at 35,390.15, the Dow Jones Industrial Average finished up 1.3% for the week. The S&P 500 ended at 4,559.34 and gained 1% this week. The Nasdaq added 0.9% for the week and closed at 14,250.85. All key S&P sectors succeeded to close in positive territory for the week, led by the health care sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 12.5. Read More

November 19th 2023  |

Key Takeaways

• Tactically, further confirmation for our year-end bounce scenario
• Very short-term perspective some profit taking into next week is quite likely Strategically, the current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks rallied for the week. The Dow Jones Industrial Average gained 1.9% from last Friday’s close to end at 34,947.28. The S&P 500 finished at 4,514.02 and surged 2.2% on the week. The Nasdaq jumped 2.4% during the week to 14,125.48. The major averages each notched their third straight positive week. All key S&P sectors succeeded to close in positive territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.8. Read More

November 12th 2023 |

Key Takeaways

• Tactically, further confirmation for our year-end bounce scenario
• Very short-term perspective some profit taking into next week is quite likely
• Strategically, the current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks finished the week with gains. Closing at 34,283.10, the Dow Jones Industrial Average finished up 0.7% for the week. The S&P 500 finished at 4,415.24 and gained 1.3% this week. The Nasdaq increased 2.4% for the week and closed at 13,798.11. Among the key S&P sectors, the technology sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished at 14.2. Read More

November 5th 2023 |

Key Takeaways

• Gains can be still categorized as bear market rally rather than a sustainable recovery
• Tactically, the bounce could have legs as long as the short-term indicators remain supportive
• Strategically, the current risk-/reward ratio still looks too low for a strategic bargain hunt

Market Review |

U.S. stocks strongly bounced for the week and posted solid gains. Closing at 34,061.32, the Dow Jones Industrial Average finished up 5.1% for the week. The S&P 500 finished at 4,358.34 and jumped 5.9 this week. The Nasdaq rocketed 6.6% for the week and closed at 13,478.28. It was the best week for all three indexes since November 2022. All key S&P sectors succeeded to close in positive territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 14.9.

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